国泰海通证券走进纵横股份:近距离感受硬核制造 共探低空经济新机遇
Quan Jing Wang·2025-12-12 08:08

Core Insights - The event "I am a Shareholder" provided investors with an opportunity to gain in-depth knowledge about the leading industrial drone company, Zongheng Co., through factory visits and discussions [1][2] Company Overview - Zongheng Co. has focused on the research and development of drone flight control navigation systems and complete systems since its establishment in 2010, participating in major national aircraft projects and setting multiple industry standards [2] - The company has developed four main product lines: vertical take-off fixed-wing drones, multi-rotor drones, unattended systems, and sliding fixed-wing drones, with the unattended system allowing remote autonomous flight across the country [2][3] - As of now, Zongheng Co. holds nearly 500 intellectual property rights, including over 100 invention patents, and has participated in the formulation of dozens of industry standards [2] Financial Performance - In the third quarter, Zongheng Co. reported an operating income of 322 million yuan, a year-on-year increase of 57%, and a quarterly profit of 16.52 million yuan, marking a return to profitability [2] - The gross profit margin for the first three quarters reached 48.9%, an increase of 2.2 percentage points year-on-year [2] Future Outlook - Zongheng Co. plans to increase R&D investment, enhance its product portfolio, and expand its applications in smart governance, while also aiming to grow its overseas market share to one-third or more [3] - The company’s core competitiveness lies in its deep technical accumulation and full industry chain layout, focusing on low-altitude digital economy and logistics [3] - The ongoing support from national policies and continuous technological advancements are expected to provide Zongheng Co. with more development opportunities in the low-altitude economy [3]